Investment Funds The Group currently advises, through limited partnerships, investment funds providing equity and mezzanine financings to a wide variety of middle market companies in the United States, Europe, the Middle East and North Africa. It also advises a European property opportunity fund, Capital Property II L.P. The U.S. fund, Bridge East Capital, L.P. was formed in March 1998. The Middle East and North Africa Direct Investment Fund, L.P. ("MENAVEST") in September 1998, Mount European Private Equity L.P. in June 2000, Mount Mezzanine S.A. in June 2004, Capital Property I L.P. in April 2001, Capital Property II L.P in December 2005 and EuroMena in March 2006. Capital Property I and II Mount European and Mount Mezzanine I and II Menavest and EuroMena I and II Bridge East Capital Mount European and Mount Mezzanine I and II In 2000, Capital Trust Group formed Mount European Private Equity L.P., a private equity fund focussing on Europe. The fund was completely exited in 2010. Following on from Mount European, Mount Mezzanine S.A. was formed in 2004 and utilised the collective experience and institutional relationships of the Capital Trust Group to invest in the mezzanine tranche of top-tier Leveraged Buy Out transactions syndicated by Europe’s leading investment banks. Mount Mezzanine primarily targeted investments in companies with enterprise values in excess of €800 million, and in which the mezzanine portion of the capital structure was at least €80 million. Smaller transactions were considered when they presented compelling opportunities and had a minimum enterprise value of €300 million with €30 million of mezzanine debt. The Fund also avoided sponsorless mezzanine and overly aggressive structures.  Mount Mezzanine made its last investment in 2005. After a period of voluntary abstention of three years, Capital Trust Group re-entered the European mezzanine markets by forming Mount Mezzanine II in 2008.  Mount Mezzanine II seeks investments of the same description as Mount Mezzanine I and with a similar, pre-creditable pricing. Return to top Menavest and EuroMena I and II The Capital Trust Group was among the earliest institutional entrants to the Middle East and North Africa region, where it has made investments for its own account and carried out advisory work for its clients. Among its more notable investments was the co-founding of Lebanon Invest, Lebanon’s leading investment bank, capitalised at more than $40 million, as well as the Arab Palestinian Investment Company, which has capital in excess of $60 million. In 1996, the group placed and co- invested in Societé Des Grands Hotels Du Liban, owners of the five-star Phonenicia and Vendome Hotels in Beirut. In September 1998, the Capital Trust Group formed MENAVEST, a $50 million private equity fund focussing on the emerging markets of Egypt, Morocco, Lebanon, Jordan, Syria, Tunisia, Oman, Yemen and the Palestinian Territories. The investments made by MENAVEST included recapitalisations, restructurings, IPO/privatisations, corporate joint ventures and expansion financing. The Fund is in the process of realising its portfolio investments. The follow on fund from MENAVEST was EuroMena I, which seeks investment opportunities in private companies operating in pre-identified growth sectors and industries and having the potential to expand from a country level onto a regional one within the MENA region. The Fund aims to achieve an emerging market level of return on a medium to long term basis from a combination of capital appreciation and current income through investment in select direct equity and equity related investments. The fund's goal is to develop and consolidate promising sectors and industries in the following countries: Algeria, Egypt, Jordan, Lebanon, Morocco, Palestinian Territories,Syria, and Tunisia. The Fund closed at $63 million in March 2006. Following the successful and rapid investment of EuroMena I, Capital Trust Group launched EuroMena II, which had its closing in June 2009 at $90 million. EuroMena II shares the same strategy as EuroMena I. The Fund Management Team seeks to guide and assist the management of its portfolio companies in formulating their strategy and expansion plans in the same way as EuroMena I. The Fund’s objective is to form enlarged, streamlined, efficient and more profitable Regional Leading Groups (“RLGs”) with leading brands and positions. If you require any material on Euromena II, Return to top Capital Property I and Capital Property II In April 2001, Capital Trust Group formed Capital Property L.P., a £30 million limited partnership focusing on investment in the property sector in Europe, with an emphasis on the United Kingdom. The fund was fully exited in 2005. The follow on fund Capital Property II L.P. is a £28 million limited partnership with the same investment objectives as its predecessor. Capital Property II L.P. invests in direct property assets where it believes that it can add value and enhance returns. The Fund has created a diversified portfolio of income producing commercial real estate. The Fund is advised by Capital Trust Ltd., which makes recommendations to the General Partner with respect to Fund investments and dispositions. Return to top Bridge East Capital In 1998, the Capital Trust Group formed its first private equity fund dedicated to investing in US private equity and mezzanine debt. The companies targeted were middle market companies with sales of $50 - $200 million and equity valuations of $20 - $100 million. The Fund was formed by Capital Trust Group, together with the B.V. Investment Group, an international investment banking company with offices in Riyadh, London, Boston, Washington, D.C, Beirut, Dubai and Sanna. Affiliates of the General Partners of the Fund committed in excess of 25% of the Fund’s capital. The Fund is currently realising its investments. Return to top